FRTY vs. IVES ETF Comparison
Comparison of Alger Mid Cap 40 ETF (FRTY) to Wedbush ETFMG Global Cloud Technology ETF (IVES)
FRTY
Alger Mid Cap 40 ETF
FRTY Description
The investment seeks long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets in equity securities of mid-cap companies. Equity securities include common or preferred stocks that are listed on U.S. exchanges. It may invest a significant portion of its assets in the securities of companies conducting business in the information technology and healthcare sectors. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$17.20
Average Daily Volume
36,532
38
IVES
Wedbush ETFMG Global Cloud Technology ETF
IVES Description
The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the “undercover gems” of cloud-based technology. The Fund’s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Dan Ives Global Cloud Technology Prime Index. The Dan Ives Global Cloud Technology Prime Index (the “Index”) is an Index of Prime Indexes, a division of Level ETF Ventures LLC. The Index has been created to provide investors with a reference measure that enables them to track both event-driven news and long-term trends of cloud technology companies. The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud – cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as “Cloud Technology Companies.”Grade (RS Rating)
Last Trade
$47.66
Average Daily Volume
1,043
46
Performance
Period | FRTY | IVES |
---|---|---|
30 Days | 5.89% | 3.04% |
60 Days | 13.05% | 9.31% |
90 Days | 5.86% | 3.03% |
12 Months | 46.17% | 39.24% |
FRTY Overweight 35 Positions Relative to IVES
Symbol | Grade | Weight | |
---|---|---|---|
HEI | A | 5.05% | |
VRT | B | 4.23% | |
NTRA | A | 3.61% | |
TDG | A | 3.06% | |
SPOT | B | 2.98% | |
CEG | B | 2.65% | |
DKNG | D | 2.6% | |
MU | D | 2.56% | |
RGEN | F | 2.54% | |
FANG | D | 2.54% | |
VLTO | A | 2.52% | |
BURL | D | 2.5% | |
APP | A | 2.49% | |
PLTR | A | 2.41% | |
MPWR | B | 2.32% | |
SHAK | C | 2.29% | |
PODD | C | 2.26% | |
MANH | C | 2.25% | |
FIX | A | 2.12% | |
RBLX | C | 2.07% | |
ARES | A | 2.07% | |
FICO | A | 2.05% | |
AZEK | C | 1.99% | |
GTES | C | 1.94% | |
SRPT | F | 1.91% | |
S | C | 1.82% | |
PCVX | B | 1.76% | |
TECH | C | 1.72% | |
MSCI | B | 1.48% | |
ONON | C | 1.4% | |
ILMN | B | 1.33% | |
PIPR | B | 1.17% | |
COIN | F | 0.95% | |
DELL | C | 0.77% | |
OWL | A | 0.49% |
FRTY Underweight 43 Positions Relative to IVES
Symbol | Grade | Weight | |
---|---|---|---|
ESTC | F | -4.62% | |
OTEX | D | -4.45% | |
GDS | B | -3.85% | |
IOT | C | -3.42% | |
MSTR | B | -3.41% | |
SMCI | F | -2.97% | |
NET | D | -2.86% | |
NTAP | D | -2.8% | |
NTNX | C | -2.62% | |
MDB | F | -2.58% | |
OKTA | F | -2.37% | |
APPF | C | -1.58% | |
GTLB | D | -1.54% | |
DBX | B | -1.5% | |
SMAR | A | -1.43% | |
INFA | D | -1.42% | |
HCP | B | -1.28% | |
CVLT | C | -1.24% | |
ZETA | B | -1.21% | |
CFLT | F | -1.19% | |
KD | F | -0.98% | |
VNET | B | -0.97% | |
BOX | C | -0.87% | |
BLKB | C | -0.8% | |
INTA | C | -0.71% | |
DOCN | C | -0.7% | |
KC | B | -0.66% | |
FROG | F | -0.59% | |
RNG | F | -0.52% | |
TDC | D | -0.52% | |
APPN | B | -0.46% | |
NABL | F | -0.45% | |
JAMF | F | -0.41% | |
SWI | C | -0.4% | |
PDFS | F | -0.31% | |
APLD | B | -0.22% | |
GDYN | B | -0.2% | |
FSLY | D | -0.19% | |
RXT | C | -0.1% | |
UIS | C | -0.07% | |
EGHT | F | -0.05% | |
BLZE | D | -0.05% | |
DOMO | F | -0.05% |
FRTY: Top Represented Industries & Keywords
IVES: Top Represented Industries & Keywords